Vail Resorts, Inc. (NYSE:MTN) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the firm. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $191.94.
MTN has been the topic of several research reports. MKM Partners reissued a “buy” rating and set a $187.00 price target on shares of Vail Resorts in a research report on Friday, December 23rd. Janney Montgomery Scott upped their price target on Vail Resorts from $195.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, March 13th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research report on Wednesday, April 5th. Wells Fargo & Co reissued an “outperform” rating and set a $207.50 price target on shares of Vail Resorts in a research report on Monday, March 20th. Finally, Stifel Nicolaus upped their price target on Vail Resorts from $181.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, March 13th.
Shares of Vail Resorts (NYSE:MTN) traded down 0.19% during mid-day trading on Monday, reaching $193.60. 199,246 shares of the company traded hands. Vail Resorts has a 52-week low of $124.00 and a 52-week high of $194.79. The firm’s 50 day moving average price is $187.99 and its 200-day moving average price is $170.03. The company has a market capitalization of $7.75 billion, a P/E ratio of 41.61 and a beta of 0.47.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, March 10th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.18. The business had revenue of $725.20 million for the quarter, compared to analyst estimates of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.14 EPS. Equities analysts predict that Vail Resorts will post $5.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Wednesday, March 29th were given a $1.053 dividend. The ex-dividend date of this dividend was Monday, March 27th. This is a positive change from Vail Resorts’s previous quarterly dividend of $0.81. This represents a $4.21 annualized dividend and a yield of 2.18%. Vail Resorts’s dividend payout ratio (DPR) is currently 83.72%.
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In other Vail Resorts news, Director John F. Sorte sold 6,082 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $186.98, for a total value of $1,137,212.36. Following the sale, the director now directly owns 56,362 shares of the company’s stock, valued at $10,538,566.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its position in Vail Resorts by 115.7% in the fourth quarter. William Blair Investment Management LLC now owns 742,376 shares of the company’s stock valued at $119,753,000 after buying an additional 398,145 shares during the last quarter. Norges Bank acquired a new position in Vail Resorts during the fourth quarter valued at about $50,522,000. Victory Capital Management Inc. acquired a new position in Vail Resorts during the third quarter valued at about $32,843,000. JPMorgan Chase & Co. boosted its position in Vail Resorts by 95.6% in the third quarter. JPMorgan Chase & Co. now owns 352,010 shares of the company’s stock valued at $55,224,000 after buying an additional 172,059 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Vail Resorts by 276.3% in the fourth quarter. AQR Capital Management LLC now owns 202,182 shares of the company’s stock valued at $32,614,000 after buying an additional 148,460 shares during the last quarter. 93.34% of the stock is owned by institutional investors.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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